ANNOUNCEMENT

 

RESULTS OF TAKE-OVER BID TO SHAREHOLDERS OF REVAL HOTELLIGRUPI AS

 

Linstow International AS made a take-over offering to small shareholders of 

Reval Hotelligrupi AS, effective from 17.08.2000 until 18.09.2000. In the 

course of the take-over bid, Linstow International AS acquired 84,098 

ordinary shares of Reval Hotelligrupi AS. The take-over bid was not 

conditional and was made for all 1,315,361 Reval Hotelligrupi AS ordinary 

shares held by small shareholders, i.e. 24.98% of total outstanding 

shares of Reval Hotelligrupi AS.  

 

Shares acquired by Linstow International AS in the course of the take-over 

offering account for 6.39% of shares for which the take-over bid 

was made, and 1.60% of total outstanding ordinary shares of Reval 

Hotelligrupi AS.

 

As of 22.09.2000, Linstow International AS owned 85.29% of Reval 

Hotelligrupi AS shares, and voting rights proceeding from 4,490,454

Reval Hotelligrupi AS ordinary shares on general meetings of Reval 

Hotelligrupi AS shareholders.

 

As of 22.09.2000, AS Trigon Securities ja AS Trigon Capital as 

the entities acting in concert with the offeror owned 0.00% 

shareholding in Reval Hotelligrupi AS.

 

 

Additional information:

Kristel Kivinurm

AS Trigon Securities

Tel. +372 667 9208